EPR Properties (NYSE:EPR) to Issue Monthly Dividend of $0.30

EPR Properties (NYSE:EPR) announced a monthly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.295 per share by the real estate investment trust on Tuesday, April 15th. This represents a $3.54 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from EPR Properties’s previous monthly dividend of $0.29.

EPR Properties has raised its dividend by an average of 23.5% annually over the last three years. EPR Properties has a dividend payout ratio of 121.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect EPR Properties to earn $4.76 per share next year, which means the company should continue to be able to cover its $3.42 annual dividend with an expected future payout ratio of 71.8%.

EPR Properties Stock Performance

NYSE EPR traded up $0.75 during trading hours on Thursday, reaching $52.06. The company’s stock had a trading volume of 1,343,489 shares, compared to its average volume of 661,938. The business has a 50-day simple moving average of $46.48 and a 200 day simple moving average of $46.54. The stock has a market cap of $3.94 billion, a PE ratio of 22.54 and a beta of 1.75. The company has a current ratio of 7.81, a quick ratio of 7.81 and a debt-to-equity ratio of 1.19. EPR Properties has a 52 week low of $39.65 and a 52 week high of $53.59.

EPR Properties (NYSE:EPR) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.56. The firm had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $161.25 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. Equities research analysts predict that EPR Properties will post 4.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on EPR. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of EPR Properties in a report on Thursday, January 30th. UBS Group initiated coverage on shares of EPR Properties in a report on Thursday, November 14th. They issued a “neutral” rating and a $48.00 price objective on the stock. Finally, Stifel Nicolaus upped their target price on shares of EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.50.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.